Multiple Choice
If markets are not competitive:
A) prices will still send the correct signal in a free market.
B) the invisible hand does not work perfectly.
C) there will be an ideal balance between industries.
D) there will be significant externalities.
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Which of the following statements is TRUE?<br>I.
Q83: According to the elimination principle, above-normal profits
Q84: Consider the market for DVD players and
Q85: The elimination principle illustrates the idea that:<br>A)
Q86: If there are normal short run profits
Q88: If all firms in an industry have
Q89: If there are significant externalities present, then:<br>A)
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